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EIA: U.S. Oil Production to Shatter Historic Milestone in Trump’s First Term
August 1, 2017
U.S. oil production could reach never-before-seen heights by the end of President Donald Trump’s second year in office, according to the Department of Energy’s statistical arm. The Energy Information Administration (EIA) “expects crude oil production to reach an average of
Entergy Receives Approval to Build Montgomery County Gas-Power Station, Texas
August 1, 2017
The Public Utility Commission of Texas has approved Entergy Texas’s proposal to build Montgomery County Power Station, a 993MW combined-cycle natural gas power plant in the US state. Entergy Texas had filed its proposal to construct the MCPS in October
Senate’s Severance Tax Bill Makes Major Changes to Marcellus Shale Permitting
July 31, 2017
Gov. Tom Wolf gave his passive approval Friday to a bill that clarifies that the state’s underground coal mining law allows planned ground subsidence to damage streams as long as the harm is not predicted to be permanent and regulators
TPG Closes Acquisition of US-based Discovery Midstream
July 28, 2017
TPG Growth has completed its acquisition of Dallas-based, full-service midstream provider Discovery Midstream. The acquisition is expected to position TPG Growth to execute its growth objectives successfully. Established in 2015, Discovery Midstream provides oil and natural gas gathering and natural
Petronas Scraps Plans to Develop $29 Billion Pacific NorthWest LNG Project, Canada
July 28, 2017
Malaysia’s Petronas has scrapped plans to develop the $29bn Pacific NorthWest liquefied natural gas (LNG) project in western Canada, citing weak gas prices. Petronas said that the decision was made following a thorough review of the project in the wake
QEP Resources to Sell Natural Gas Assets in Wyoming for $777.5 Million
July 28, 2017
Colorado-based QEP Resources said that its subsidiary QEP Energy Company has agreed to divest natural gas assets in southwest Wyoming for a total sum of $777.5m in two different transactions. In the first transaction, QEP will sell its gas assets
Mewbourne Oil Company Opens New Permian Basin Headquarters in Southeast New Mexico
July 26, 2017
Mewbourne Oil Company has opened new regional headquarters for operations in Southeast New Mexico’s booming Permian Basin. The Tyler, Texas-based company’s new facility underscores their long-term commitment to Hobbs, New Mexico and the Permian Basin with an eye toward growth
Atlas Unveils New Website and Logo through Fueling Innovation Campaign
July 26, 2017
Atlas has launched its new website and logo as the Michigan-based company positions itself as an oil and gas industry leader committed to fueling innovation by introducing new technology and strategic nationwide partnerships. “Atlas is excited to remain a catalyst
Tall Oak Midstream Forms New Company, Tall Oak Midstream III
July 26, 2017
Tall Oak Midstream’s founders have formed Tall Oak Midstream III, LLC with an initial equity commitment of up to $200 million from private equity firm EnCap Flatrock Midstream and Tall Oak management. In January 2016, Tall Oak sold its first
Greenfield Midstream Receives $300 Million Equity Commitment from EnCap Flatrock Midstream
July 26, 2017
Greenfield Midstream, LLC has secured an initial $300 million equity commitment from EnCap Flatrock Midstream. Headquartered in Houston and established in 2017, Greenfield Midstream is a privately held energy company focused on the organic development of midstream infrastructure across North
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